Exhibit 10.18

THIS AGREEMENT is made on 15 November 2024

BETWEEN:-

(1)	TELIGENT INTERNATIONAL LIMITED, a limited liability company incorporated in Hong Kong whose registered office is at Room 210, 2/F, Sterling Centre, l1 Cheung Yue Street, Lai Chi Kok, Kowloon, Hong Kong (the “TIL”); AND

(2)	BOXASONE LIMITED, a limited liability company incorporated in Hong Kong whose registered office is at Unit C, 19/F, World Tech Centre, 95 How Ming Street, Kwun Tong, Hong Kong (the “BAO”).

WHEREAS:

TIL agrees to engage BAO and BAO agrees to provide to TIL the services as described in Schedule 1 (the “Services”), subject to the terms and conditions set out in this Agreement.

NOW IT IS HEREBY AGREED as follows:

1.	DEFINITIONS

1.1

In this Agreement, unless explicitly stated as otherwise, the expressions listed below shall have the following meanings:

	(a)	“Fees” means the fees as specified in Schedule 1 payable by TIL from time to time to BAO for provision of the Services;

	(b)	“HKIAC” is as defined in Clause 17.2;

	(c)	“Services” means the services as detailed in Schedule 1; and

	(d)	“Term” means the term as specified in Schedule 1;

	1.2	Where the context permits, words in the singular shall include the plural and vice versa and words importing the masculine gender shall include the feminine and neuter genders and vice versa.

	1.3	The headings to the provisions of this Agreement are for ease of reference only and shall not affect the interpretation or construction of them.

	1.4	References to clauses, schedules and annexes are, unless otherwise stated, to clauses, schedules and annexes of and to this Agreement which together form an integral part of this Agreement.

2.	PROVISION OF SERVICES

	2.1	In consideration of TIL paying the Fees to BAO in the manner described in Clause 3, BAO agrees to provide the Services to TIL subject to the terms and conditions herein and in Schedule 1.

	2.2	TIL and BAO shall cooperate in good faith in all matters relating to the provision of Services including but not limited to obtaining all consents, licences or approvals necessary for BAO to fulfil its obligations hereunder.

	2.3	The deployment of the System shall be subjected to the satisfaction of the Testing and Commissioning procedures as reasonably required by TIL. Commissioning tests shall be performed to assess the overall functionality of the system as per the standards and design specifications. Each component of the System must be individually tested to ensure that it install correctly. Any comments regarding abnormal operation to failed tests shall be recorded in the comments section of the commissioning schedule.

	2.4	As soon as reasonably possible after the satisfactory completion of the Testing and Commissioning, TIL shall provide a written notification to certify that the platform has passed the Testing and Commissioning.

PAYMENT

	3.1	TIL shall pay the Fees to BAO for provision of the Services in the manner set out in Schedule 1. BAO shall not be responsible for all unforeseeable costs, tax, charges, and expenses incurred for and in connection with the provision of the Services by BAO except as expressly provided otherwise in this Agreement or approved in advance in writing by BAO.

	3.2	All payment shall be made within thirty (30) days from the date of invoices issued by BAO to TIL.

	3.3	Any delay in payment shall entitle BAO for the costs and expenses incurred in connection with the collection of overdue payments, whether made in or out of court, without prejudice to any rights or remedies legally available to BAO.

4.	TERMINATION

	4.1	This Agreement shall terminate upon the expiry of the Term specified in Schedule 1 unless extended by mutual agreement by the parties in writing or terminated earlier pursuant to the terms of this Agreement.

	4.2	This Agreement may be terminated by either party with a 90 days’ notice without cause.

	4.3	The expiration or termination of this Agreement for whatever cause shall be without prejudice to any pre-existing and/or accrued rights and obligations of the parties hereunder.

	4.4	Clauses 5, 6, 7, 11, 12, 13, 14 and 17 and those terms which by their nature should survive termination shall continue to apply after expiration or termination of this Agreement for whatever reason.

5.	REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS

5.1

Each party represents and warrants that it has the authority necessary to enter into this Agreement and to do all things necessary to procure the fulfilment of its obligations in terms of this Agreement.

5.2

BAO represents, warrants and undertakes that the services will be duly performed and completed in a diligent, professional and business-like manner.

6.	LIMITATION OF LIABILITY

NEITHER PARTY WILL BE LIABLE TO THE OTHER PARTY OR TO ANY THIRD PARTY, FOR ANY INDIRECT, PUNITIVE, SPECIAL, INCIDENTAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES. THIS LIMITATION OF LIABILITY WILL APPLY REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT OR TORT, INCLUDING NEGLIGENCE, OR FOR ANY LOSS OF REVENUE, DATA, OR PROFITS, AND INDEPENDENT OF ANY FAILURE OF ESSENTIAL PURPOSE OF THE WARRANTIES AND REMEDIES PROVIDED HEREUNDER. THIS LIMITATION OF LIABILITY WILL APPLY WHETHER OR NOT THE OTHER PARTY HAS BEEN APPRISED OF THE POSSIBILITY OF SUCH DAMAGES.

7.	CONFIDENTIALITY

	7.1	The parties agree to keep and procure to be kept secret and confidential any and all written and/or oral information of any kind relating to the terms of this Agreement and the business of the other party obtained from the other party pursuant to this Agreement or prior to it and to disclose the same only to those of its employees or contractors directly involved with the services and only to the extent necessary for each of them to perform his duties under this Agreement. The parties shall impose the above obligation on these persons.

	7.2	The foregoing obligations shall not apply, however, to any part of such information which:

	a)	was already in the public domain or which becomes so through no fault of the receiving party;

	b)	was already known to the receiving party prior to receipt thereof; or

	c)	was disclosed to the receiving party by a third party owing no duty of confidentiality towards the disclosing party in respect thereof.

7.3

Subject to the provisions in Clause 7.2 above, these obligations of confidentiality shall survive the expiration or termination of this Agreement.

8.	GENERAL PROVISIONS RELATING TO THE SYSTEM

8.1

TIL acknowledges that the intellectual property rights in all the specifications, source codes, computer programmes, materials and other documentation supplied by BAO to the TIL in any way connected with the System is vested in BAO and, upon the expiry or termination of this Agreement, TIL shall return to BAO all such specifications, source codes, computer programmes, materials and documentation and any copies thereof.

9.	ASSIGNMENT

9.1

Neither party shall assign or otherwise transfer its interest in this Agreement or its rights and obligations hereunder whether in whole or in part without the prior written consent of the other, except in circumstances of corporate succession by merger, consolidation, or other corporate reorganisation in relation to either party’s business.

10.	ENTIRE AGREEMENT

	10.1	The parties hereto declare that this Agreement comprises the complete and exclusive agreement between them which supersedes all previous understandings, negotiations and proposals, whether oral or in writing. In case of any inconsistency, conflict with or ambiguity of any terms and conditions which are incorporated by reference, the terms and conditions of this Agreement shall prevail.

	10.2	Save as expressly provided, no alteration, modification, amendment, waiver, consent or discharge shall be binding upon either party unless in writing and signed by both parties.

11.

NOTICES

11.1

Any notice required to be given under this Agreement shall be in writing and shall be sent to the address of the party as specified in this Agreement or such other address as that party shall designate by notice given in accordance with the provisions of this Clause from time to time. Any such notice shall be delivered by hand or by registered prepaid post and shall be deemed to have been served if delivered by hand upon signed receipt by the appointed representative of either party for the time being or if by post 48 hours after the day of posting.

12.	LEGAL RELATIONSHIP

	12.1	Nothing herein shall create or imply any employment, principal-agent, joint venture or partnership relationship between TIL on the one hand, and BAO on the other.

	12.2	Either party acknowledges that it is not part of the other party’s organisation and shall have no authority to commit or to bind the other party in any way in connection with the business, affairs or otherwise of the other party.

13.	SEVERABILITY

13.1

In the event that any provision contained in this Agreement should, for any reason, be held to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision of this Agreement. Instead this Agreement shall be construed as if such invalid or unenforceable provision had not been contained herein.

14.

WAIVER

14.1

No failure or delay on the part of any party to exercise any right, power or remedy under this Agreement shall operate as a waiver thereof nor shall any single or partial exercise by a party of any right, power or remedy. The rights, powers and remedies provided herein are cumulative and are not exclusive of any rights, powers or remedies at law.

15.	Force Majeure

15.1

Neither party shall be liable for any delays or failures attributable to its being affected by an Event of Force Majeure, but the party so affected shall use best endeavours to resume performance as quickly as possible and shall promptly give the other party full particulars of the failure or delay and consult with the other party concerning the failure or delay from time to time as appropriate. If any such delay or failure on the part of the BAO continues for a period of three (3) months, TIL shall be entitled to terminate this Agreement and/or any services provided under this Agreement immediately on giving written notice to BAO.

16.	CONTRACTS (RIGHTS OF THIRD PARTIES) ORDINANCE

16.1

The parties do not intend any term of this Agreement to be enforceable by any person who is not a party to this Agreement pursuant to the Contracts (Rights of Third Parties) Ordinance (Cap 623), and the parties agree that this Agreement shall be excluded from the application of the Contracts (Rights of Third Parties) Ordinance (Cap 623).

17.	APPLICABLE LAW AND DISPUTE RESOLUTION

	17.1	This Agreement shall be governed by, construed and enforced in accordance with the laws of Hong Kong SAR and the parties hereto agree to be subject to the non-exclusive jurisdiction of the courts of Hong Kong SAR.

	17.2	Notwithstanding Clause 17.1, a complaining party shall have the option to refer any dispute, controversy or claim arising out of or relating to this Agreement or the breach, termination or invalidity thereof, to arbitration in Hong Kong at the Hong Kong International Arbitration Centre (“HKIAC”) with three (3) arbitrators in accordance with the HKIAC Rules in force. Each party shall select one (1) arbitrator and the two (2) arbitrators shall select the third neutral arbitrator who shall be the Chairman of the arbitration panel. The language to be used in the arbitral proceedings shall be English.

- END -

IN WITNESS WHEREOF this Agreement has been executed in accordance with the constitution of the respective party on the day and year first above written.

SIGNED BY	)
FOR AND ON BEHALF OF	)
TELIGENT INTERNATIONAL LIMITED	)
in the presence of:-	)
	)
	)
	)
_____________________________	)
	)
	)

SIGNED BY	)
FOR AND ON BEHALF OF	)
BOXASONE LIMITED	)
in the presence of:-	)
	)
	)
	)
_____________________________	)
	)
	)
	)

SCHEDULE 1

Part 1 - The Services

BAO shall develop and customize the following system for TIL:

BIG DATA PLATFORM FOR BUILDING DEFECT INSPECTION & REPORTING

1. Data Collection and Labeling (Big Data Modelling Platform)

a. Detect defects in buildings, such as cracks and structural problems

b. Analyze images or data collected from inspections to identify issues

2. Algorithm Training (Big Data Model Training Platform)

a. Algorithm confirmation – choose appropriate training data and define accuracy

b. Training – train the data (photos) with the labelled data

c. Validation and Testing – test the result to validate accuracy

3. Issue Detection (Big Data Detection Module)

a. Integration – integrate trained algorithm into the Big Data Detection Module)

b. Real-time Analysis – analyze data from construction sites

c. Issue Identification – re-train the data or identify and categorize issues

4. Report Generation Platform

a. Data Retrieval (RAG – Retrieve) – extract relevant photos to the report server

b. Data Augmentation (RAG – Augment) – enhance data with report context

c. Report Generation (RAG – Generate) – compile data into reports again

5. Continuous Improvement and Feedback Loop

a. Performance Monitoring

b. Feedback Integration

6. Deployment and Maintenance

The system component list is stated in SCHEDULE 2.

Part 2 – Term, Fees and Timeline

Term:

From date of this Agreement to 14 November 2025 (both days inclusive) (the “Initial Term”) unless terminated early pursuant to the terms and conditions of this Agreement.

Fees:

TIL shall pay for the development and customization for the Big Data System as detailed in SCHEDULE 2, of which HK$800,000 shall be invoiced upon the signing of this Agreement and (ii) the remaining amount shall be invoiced upon satisfactory completion of the Testing and Commissioning.

SCHEDULE 2

Phase 1: Big Data Infrastructure Development
Services		Unit Price (HK$)	Qty (Units)	Amount (HK$)
1.1	Project Management Services Comprehensive project management services covering all phases of Big Data infrastructure development. Ensures timely and efficient project execution within the budget and scope.	450,000	1 Lot	450,000
1.2	Server Configuration, Setup and System Integration Setup and System Integration Includes server setup and configuration, along with integration of various system components, ensuring optimal performance for the Big Data infrastructure.	240,000	1 Lot	240,000
1.3	Big Data Model Training service, supposing the training data shall be provided by client. (per model)	240,000	2 model	480,000
1.4	Customization of User Web admin for the Issue Detection Platform and reporting Customization of the user web administration interface, enhancing user experience and functionality.	600,000	1 Lot	600,000
1.5	End-User Training and Documentation Provision of comprehensive training for end-users, coupled with detailed documentation for system operation and maintenance.	100,000	1 Lot	100,000
Services Subtotal				1,870,000

License Products		Unit Price (HK$)	Qty (Units)	Amount (HK$)
1.6	Big Data Model Development Servers (Web, Application) platform license	1,600,000	1 Lic	1,600,000
1.7	Issue Detection & Alert Big Data platform license, supporting inference application using the Big Data model developed (Per model per GPU)	960,000	2 Lic	1,920,000
1.8	Big Data Model Training platform Servers (Web, Application) Big Data model training platform, supporting total 1000 times training and export 20 times AI models (single model iteration will be counted as per their actual exporting times)	2,640,000	1 Lot	2,640,000
1.9	Web server, File server and others	50,000	1 Lot	50,000
License Products Subtotal				6,210,000

Hardwares		Unit Price (HK$)	Qty (Units)	Amount (HK$)
1.8	Hardware Server for Big Data Model Development, Training & Issue Detection	By client	2 Lots	-
1.9	Hardware Server for Web, Files and others	By client	2 Lots	-
2.0	Network Switch and other accessories	20,000	1 Lot	20,000
Hardware Subtotal				20,000

Phase 1 - Total				8,100,000

Phase 2: Advanced Reporting and Analytics
Services		Unit Price (HK$)	Qty (Units)	Amount (HK$)
2.1	RAG System customization and Implementation Services Customization and implementation of the RAG (Retrieval-Augmented Generation) system. This service involves adapting the RAG system to the client’s specific needs and integrating it effectively into their existing infrastructure.	260,000	1 Lot	260,000
2.2	Big Data SaaS unlimited usage and consultancy support (3 years, 20B tokens)	810,000	3 years	810,000
2.3	Automated Reporting Module Development Development of an automated reporting module. This service includes creating a system that can generate reports automatically, saving time and increasing efficiency for the client.	80,000	1 Lot	80,000
2.4	Deployment Services Provision of deployment services for the newly developed systems. This includes setting up, configuring, and ensuring all systems are running smoothly and efficiently.	96,000	1 Lot	96,000
Services Subtotal				1,246,000

License Products		Unit Price (HK$)	Qty (Units)	Amount (HK$)
2.5	RAG Server for Platform Integration Supply of a dedicated server for the integration the RAG system. This server is specifically configured to support the complex computations.	480,000	1 Unit	480,000
2.6	Reporting Server Software Licenses Provision of software licenses for the reporting server. This includes all necessary software to operate the reporting server and generate analytics reports.	150,000	1 Lot	150,000
License Products Subtotal				630,000
Hardwares		Unit Price (HK$)	Qty (Units)	Amount (HK$)
2.7	Hardware Server for Report and RAG	By client	2 Lots	-
2.8	Network Switch and other accessories	20,000	1 Lot	20,000
Hardware Subtotal				20,000

Phase 2 - Total				1,896,000